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Transactions - OCTOBER 24, 2022

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$69m financing secured for East Bay Area mixed-use development

by Released

The Martin Group, Sansome Pacific Properties and STARS REI have plans to develop Centro Callan, a brand-new, luxury mixed-use apartment complex located in the heart of San Leandro, Calif.

This new development will offer 196 multi-housing apartments in a five-story building that will also include 31,000 square feet of ground-floor retail anchored by Sprouts Farmers Market.

JLL Capital Markets arranged $69 million construction financing the East Bay Area mixed-use development.

Centro Callan will consist of a mix of studio, one-, two- and three-bedroom units, all outfitted with quartz countertops, backsplash, stainless-steel appliances, full-size washers and dryers, wide-plank flooring, kitchen islands, smart-access control and oversized patios and balconies in select units. The building amenities include 20,000 square feet of open space along with a dog park, dog-wash station, chef’s entertaining kitchen, clubroom with televisions, indoor phone booths and co

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